Shares of RISE Education Cayman Ltd (NASDAQ:REDU) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $19.00 for the company, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 213 out of 265 based on the ratings given to related companies.
A number of analysts have recently commented on REDU shares. Zacks Investment Research raised RISE Education Cayman from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, January 19th. Morgan Stanley started coverage on RISE Education Cayman in a research note on Tuesday, November 14th. They issued an “overweight” rating and a $15.50 price target for the company.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in RISE Education Cayman during the 4th quarter worth approximately $27,292,000. Tiger Pacific Capital LP bought a new stake in RISE Education Cayman during the 4th quarter worth approximately $3,385,000. Millennium Management LLC bought a new stake in RISE Education Cayman during the 4th quarter worth approximately $2,126,000. Dalton Investments LLC bought a new stake in RISE Education Cayman during the 4th quarter worth approximately $1,035,000. Finally, GCA Investment Management LLC bought a new stake in RISE Education Cayman during the 4th quarter worth approximately $370,000.
Shares of RISE Education Cayman (NASDAQ:REDU) traded down $0.08 during mid-day trading on Friday, hitting $16.39. The stock had a trading volume of 56,812 shares, compared to its average volume of 354,271. The company has a debt-to-equity ratio of -6.48, a current ratio of 0.81 and a quick ratio of 0.81. RISE Education Cayman has a one year low of $9.50 and a one year high of $17.86.
RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings results on Monday, November 27th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). sell-side analysts expect that RISE Education Cayman will post 0.27 earnings per share for the current fiscal year.
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About RISE Education Cayman
RISE Education Cayman Ltd is a holding company. The Company, through its subsidiaries, offers after-school English teaching and tutoring services to students aged three to 18. It operates in China’s junior English Language Training (ELT) market. Its offers three flagship courses, including Rise Start, Rise On and Rise Up, that are designed for students aged three to six, seven to twelve and 13 to 18, respectively.
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